Doing Business in Austria

The objectives of the subject “International Trade and Business in” Austria” are the following:

1. To analyze the Austrian Economy and Global Trade;
2. To know the business opportunities in the Austrian Market;
3. To analyze the Austrian trade relations with the country of the student;
4. To know the Austrian free trade agreements as a member of the EU;
5. To develop a business plan for the Austrian Market.

The Subject “Foreign Trade and Business in Austria” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Doctorate (DIB): European Business, World Trade.

Masters (MIB): International Business, Foreign Trade.

Masters and Doctorate in International Business adapted to the Austrian Students.

Learning materials in + Austria Autriche Austria.

1. Credits of the Subject “International Trade and Business in” Austria”: 1 ;
2. Duration: one week.

1. Baltic-Adriatic Transport Corridor (Poland, Czech Republic, Slovakia, Austria, Italy, Slovenia);
2. Access to the Pan-European Corridor II.

Preferential Access and Free Trade Agreements of Austria

1. Austria and the European Economic Area;
2. European Union
   1. As a member of the European Union, Austria is a beneficiary of the EU Free trade agreements with South Africa, South Korea, India, Mexico, MERCOSUR, Egypt, Jordan, Lebanon, Ukraine, Moldova, Georgia etc;
   2. Economic and Monetary Union;
   3. European Customs Union;
   4. European Single Market;
   5. EU Services Directive;
   6. European Digital Single Market.
3. Central European Initiative (CEI);
4. Regional Cooperation Council (RCC);
5. Organization of the Black Sea Economic Cooperation (observer country).

1. World Trade Organization (WTO)
   1. WTO General Agreement on Trade in Services (GATS);
   2. WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS);
   3. WTO Agreement on Technical Barriers to Trade (TBT);
   4. WTO Agreement on Preshipment Inspection (PSI);
   5. WTO Agreement on Safeguards (SG);
   6. WTO Trade Facilitation Agreement (TFA).
2. World Customs Organization (WCO)
   1. Revised Kyoto Convention (RKC).
3. International Convention on the Harmonization of Frontier Controls of Goods (UNECE);
4. Convention on the Contract for the International Carriage of Goods by Road (CMR, UN);
5. Convention on the Carriage of Goods by Sea (Hamburg Rules, UN);
6. Customs Convention on Containers (CCC, UN);
7. Convention concerning International Carriage by Rail (COTIF);
8. International Bureau of Containers and Intermodal Transport (BIC);
9. International Civil Aviation Organization (ICAO, Chicago Convention);
10. International Maritime Organization (IMO)
    1. International Convention for Safe Containers (CSC);
    2. Convention Relating to Temporary Admission (Istanbul Convention).
11. International Road Transport Union (IRU)
    1. TIR Convention;
    2. Guidelines on Safe Load Securing for Road Transport.
12. Uniform Rules concerning the Contract of International Carriage of Goods by Rail (CIM, CIT);
13. International Chamber of Commerce (ICC).

European Trade and Economic Organizations of Austria

1. European Union
   1. European Central Bank;
   2. European Investment Bank (EIB);
   3. European Bank for Reconstruction and Development;
   4. EU-CELAC Summit;
   5. Group of States of the European Council Convention against Corruption (GRECO).
2. Economic Commission for Europe (UNECE).

Global Economic Organizations:

1. Organization for Economic Cooperation and Development (OECD)
   1. OECD anti-corruption measures.
2. Inter-American Development Bank (IDB);
3. Asian Development Bank (ADB);
4. African Development Bank (AfDB);
5. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD);
   2. International Trade Centre (INTRACEN);
   3. Commission on International Trade Law (UNCITRAL);
   4. World Intellectual Property Organization (WIPO).
6. World Bank (WB);
7. World Trade Organization (WTO);
8. International Monetary Fund (IMF);
9. Organization for Security and Cooperation in Europe (OSCE). The headquarters of the OSCE are in Vienna;
10. Asia-Europe Meeting (ASEM).

The Republic of Austria (Europe).

1. Austrian Capital: Vienna;
2. Languages of Austria: German (official), Hungarian and Slovenian;
3. Area of Austria: 83,871 square kilometers;
4. Austrian Population: 8.5 million people;
5. Type of Government: Parliamentary Federal Republic;
6. Borders of Austria: Czech Republic, Germany, Slovakia, Hungary, Slovenia, Italy, Switzerland and Liechtenstein;
7. Austria is a landlocked country.

Religion in Austria: Catholicism -73% of the Austrian population- (Christianity).

Austria belongs to the Western Civilization (European Economic Area).

Economy of Austria.

1. The Republic of Austria is one of the richest countries in the world, with a per capita income of EUR 38,500;
2. Austria is the eleven European Union economy;
3. Austrian GDP (nominal): 398 million dollars;
4. Major economic downturn in 2011;
5. Austrian Currency: Euro;
6. Austria joined the European Union in 1995;
7. Main economic sectors: tourism, vehicles, foods, machinery, chemical products, paper;
8. Headquarters of the United Nations Commission on International Trade Law (UNCITRAL) and the International Federation of Freight Forwarders Associations (FIATA).

Austrian Foreign Trade.

1. Main Austrian Exports are machines, vehicles, paper, foods, chemical products, steel, textiles;
2. Germany is the largest trading partner of Austria;
3. Top Austrian export markets are Germany (31%), Italy, Switzerland, the United States;
4. Main Austrian import sources are Germany (45), Switzerland, Italy, the Netherlands.

(c) EENI Global Business School (1995-2023)
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